Unit Nine: Critical Consumerism Review

Front

The belief that it is good for a society or an individual person to buy and use a large quantity of goods and services.

Back

Consumerism

Front

This pays back relatively high interest rates, requires a minimum balance, and offers immediate access to money.

Back

Money Market Account

Front

These plans are often sponsored by your employer, offering a matching contribution.

Back

401 (k)

Front

Which type of retirement plan is self-sponsored, funded with after-taxed money, allows tax-free withdrawals, and is generally not intended for high income earners?

Back

Roth IRA

Front

A retirement account that is employer-maintained to give you a payout when you retire.

Back

Pension

Front

A certificate that promises to repay the money loaned, plus interest, on a certain date.

Back

Bond

Front

Type of investment where money is easily accessed. Interest yield is relatively low.

Back

Savings Account

Front

These are groups of stocks, bonds, and other investments managed by an investment firm. Because of this your holdings are diversified and monitored by professionals.

Back

Mutual Funds

Front

Which best explains the key difference(s) between a pyramid scheme and a Multi-Level Marketing (MLM) operation?

Back

MLM's will provide an actual product/service to sell and an opportunity to profit.

Front

Reciprocity is defined as:

Back

A mutual exchange of privileges or favors